WHY DO YOU NEED A LAWYER AS A SMALL BUSINESS
When starting your own business there are countless things that you need consider. Knowing when you should be consulting a business lawyer is one of them.
But lawyers are costly and unnecessary right? After all, everything you need to know will be on the Internet. Saving you money in the process. Get it wrong though and it could prove to be a costly lesson.
CAN YOU REALLY DO IT ALL YOURSELF?
Sometimes you can get away with self-representation, however you may end up with a fool for a client if you do so. That doesn’t mean you must always use a lawyer though. The trick is to know when a lawyer is an absolute necessity, and when it’s a luxury. You are running a business after all, and money is always going to be tight in those early years.
WHEN YOU DON’T NEED A BUSINESS LAWYER
When starting a business there’re some straightforward tasks that can be done without the assistance of a lawyer. With a little research you can save yourself some money. The following are examples of what you can do without a lawyer:
- Writing your business plan
- Selecting a name for your business
- Setting up your domain and website
- Creating a company (LTD)
- Creating contracts using off the shelf templates
However, if you’re unsure then a lawyer can always be consulted. Giving you piece of mind and legal protection.
WHEN YOU DO NEED A BUSINESS LAWYER
Although there’re numerous tasks that can accomplish on your own. There comes a time when the task becomes complex, or fraught with potential liability issues. The following show when it’s time to consult a business lawyer:
- Allegations are made against your company
- You need to dismiss an employee
- A former employee or customer is taking legal action against you
USING LAWYERS FOR CONSULTATIONS
Prevention is always the most cost effective solution. Consulting a lawyer in the first instance will cost significantly less than hiring one because you missed something.
Consultation services can review your own research to make sure you are covered from all angles, and will increase your legal standing should something happen.
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